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APIs are granular units of computing that expose data, information and services to developers. Whether the data is maps, statistics, storage, or services, APIs can be made available to serve up almost any conceivable type of data or service.
APIfication is the creation of APIs by businesses and organizations to strategically expose assets to internal and external groups. APIs expose key parts of an application to enable better utilization of technology investments, providing access, for example, to partners and suppliers. APIs are driving digital transformation initiatives and also enabling IoT devices to communicate.
CapGemini reports that APIfication can enable businesses to achieve faster revenue growth and better integrate with their sales and marketing teams. Businesses that use APIs were found to deliver 15 percent more products and services and able to do it 21 percent faster than competitors.
Anant Jhingran, CTO of Apigee, said that “as APIs become mainstream, they offer an unprecedented opportunity to drive new business opportunities through ecosystems and new ways of rebooting enterprise architectures via microservices.”
The CapGemini report concludes that “to reap the rewards of cloud, you’ve got to ‘crack the egg’ of your data center and expose your information and processes to partners, customers, suppliers, and internal business units. To make this possible, businesses are adopting PaaS (Platform-as-a-Service) strategies that integrate their legacy and on-premise apps with SaaS solutions in the cloud through API-fication.”